A non- fungible token is a token manifested by distributed ledger technology which is not generally regarded as interchangeable with any other token of the same kind (for example, bitcoins like pound coins are highly fungible and so could be characterised as a fungible token, whereas a Bored Ape (see paragraphs 21 and 22 below) is not fungible and so would be characterised as a non- fungible token). 3 This document relates to the Digital Assets (Scotland) Bill (SP Bill 75A) as amended at Stage 2 Term Meaning private key An alphanumeric code...